Purchase

Santa Fe County bore the brunt of home sale declines in New Mexico, with a 34% wallop in April as the novel coronavirus took a bite out of homebuyers' and sellers' appetites.

Only 244 single-family homes were sold in Sonoma County, Calif., in April, down from 300 in March and 363 in April a year ago.

Sales of single-family homes plunged 19% in April, ending a nine-month string of year-over-year gains as Houston-area buyers and sellers hunkered down despite real estate transactions being considered an essential part of the economy.

While most work activities were halted in April to reduce the spread of the coronavirus, people continued to buy and sell real estate.

The economic contraction will keep mortgage rates low for the foreseeable future.

Mortgage rates remained generally steady this past week, even with the continuing market volatility, and that is helping the purchase market, according to Freddie Mac.

The commercial mortgage broker's move is part of its formation of a dedicated multifamily group.

Homeowners hurt by coronavirus were told they could delay their mortgage payments without facing consequences. Now, some are learning they’re at risk of being shut out of the housing market.

As businesses temporarily shut down and joblessness climbed to Depression-era levels, home sales in the metro area plunged last month, according to the Atlanta Realtors Association.

Stay-at-home orders dealt a heavy blow to home sales across the state in April, but they didn't knock the market off its feet, according to the Colorado Association of Realtors.